GBPUSD 🌍
The macro narrative heading into this week is heavily dominated by the sweeping UK political leadership transition as PM Burnham takes control, keeping fiscal policy choices and Cabinet appointments under a microscope 🏦. Interestingly, general market chatter suggests a mixed sentiment profile; while retail consensus is currently leaning slightly bearish due to the recent two-day retracement down from multi-month highs, institutional focus remains anchored on shifting Federal Reserve expectations following a string of cooling US inflation metrics. However, our tactical upside bias for the British Pound relies entirely on intermarket risk dynamics. I am looking for a bullish expansion on GBPUSD only if the VIX volatility index actively drops from its recent spike near 16.72 and only if the NASDAQ holds its structural ground and continues to trend bullish 📈. A resurgent, strong NASDAQ will naturally reflect a robust risk-on market regime, which generally serves to weaken the greenback and clear the path for cable's expansion.
We are seeing a classic Wyckoffian accumulation or re-accumulation structure building on the hourly time frame as the market transitions from a markdown phase into a well-defined balance area 📉. The structural downtrend experienced a clear character change as sellers failed to push past major horizontal support around the 1.33961 level, leaving late shorts heavily exposed to a potential liquidity hunt. Widespread community chatter is calling for further breakdowns, which tells me retail sentiment is likely trapped in a crowded short trade right at the bottom of the range. Looking closely at the visual indicators on the chart, the market is currently rotating directly around the primary Volume Profile Point of Control (POC) near 1.34651, where massive liquidity has been transacted. The price is coils tight within a local balance zone, tightly bound between the high volume node clusters, setting the stage for an explosive breakout.
We are currently trading right in the belly of this Cable intermediate range, waiting for the market to declare its structural intention 🧹. I am keeping a sharp eye out for a deliberate run on liquidity to clean out the late sellers before the real markup phase initiates. If the broader market maintains its risk-on posture, the structural trigger requires a clean, impulsive bullish Break of Structure (BoS) past the intermediate high-volume resistance. Once that high-volume ceiling is broken and retested as valid support, it validates our transition from balance to discovery phase, clearing a smooth run toward the prior swing highs near 1.3560.
My Trade Plan 🎯
Bias: Neutral-to-Bullish (Strictly contingent on intermarket risk confirmation and patient execution).
Entry Protocol: Execution requires a clear, impulsive bullish Break of Structure (BoS) above the 1.34850 liquidity line, followed by a successful retest of the Volume Profile POC area at 1.34651. This trigger must align perfectly with a contracting VIX index and a bullishly trending NASDAQ; if the structural breakout fails to materialize or if equities turn south, the plan is completely abandoned.
The macro narrative heading into this week is heavily dominated by the sweeping UK political leadership transition as PM Burnham takes control, keeping fiscal policy choices and Cabinet appointments under a microscope 🏦. Interestingly, general market chatter suggests a mixed sentiment profile; while retail consensus is currently leaning slightly bearish due to the recent two-day retracement down from multi-month highs, institutional focus remains anchored on shifting Federal Reserve expectations following a string of cooling US inflation metrics. However, our tactical upside bias for the British Pound relies entirely on intermarket risk dynamics. I am looking for a bullish expansion on GBPUSD only if the VIX volatility index actively drops from its recent spike near 16.72 and only if the NASDAQ holds its structural ground and continues to trend bullish 📈. A resurgent, strong NASDAQ will naturally reflect a robust risk-on market regime, which generally serves to weaken the greenback and clear the path for cable's expansion.
We are seeing a classic Wyckoffian accumulation or re-accumulation structure building on the hourly time frame as the market transitions from a markdown phase into a well-defined balance area 📉. The structural downtrend experienced a clear character change as sellers failed to push past major horizontal support around the 1.33961 level, leaving late shorts heavily exposed to a potential liquidity hunt. Widespread community chatter is calling for further breakdowns, which tells me retail sentiment is likely trapped in a crowded short trade right at the bottom of the range. Looking closely at the visual indicators on the chart, the market is currently rotating directly around the primary Volume Profile Point of Control (POC) near 1.34651, where massive liquidity has been transacted. The price is coils tight within a local balance zone, tightly bound between the high volume node clusters, setting the stage for an explosive breakout.
We are currently trading right in the belly of this Cable intermediate range, waiting for the market to declare its structural intention 🧹. I am keeping a sharp eye out for a deliberate run on liquidity to clean out the late sellers before the real markup phase initiates. If the broader market maintains its risk-on posture, the structural trigger requires a clean, impulsive bullish Break of Structure (BoS) past the intermediate high-volume resistance. Once that high-volume ceiling is broken and retested as valid support, it validates our transition from balance to discovery phase, clearing a smooth run toward the prior swing highs near 1.3560.
My Trade Plan 🎯
Bias: Neutral-to-Bullish (Strictly contingent on intermarket risk confirmation and patient execution).
Entry Protocol: Execution requires a clear, impulsive bullish Break of Structure (BoS) above the 1.34850 liquidity line, followed by a successful retest of the Volume Profile POC area at 1.34651. This trigger must align perfectly with a contracting VIX index and a bullishly trending NASDAQ; if the structural breakout fails to materialize or if equities turn south, the plan is completely abandoned.
👀 👇🏻 EASY Forex Signals:
👉🔗 youtu.be/mxF2qol_hjA
👀 👇🏻Copy my VIP Telegram signals for FREE:
🚀🔗 anthonyfx.com/anthonyfx_copy/
📲 Telegram: t.me/anthonys_forex
💬 Discord: discord.com/invite/PcBeCdwVQq
👉🔗 youtu.be/mxF2qol_hjA
👀 👇🏻Copy my VIP Telegram signals for FREE:
🚀🔗 anthonyfx.com/anthonyfx_copy/
📲 Telegram: t.me/anthonys_forex
💬 Discord: discord.com/invite/PcBeCdwVQq
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
👀 👇🏻 EASY Forex Signals:
👉🔗 youtu.be/mxF2qol_hjA
👀 👇🏻Copy my VIP Telegram signals for FREE:
🚀🔗 anthonyfx.com/anthonyfx_copy/
📲 Telegram: t.me/anthonys_forex
💬 Discord: discord.com/invite/PcBeCdwVQq
👉🔗 youtu.be/mxF2qol_hjA
👀 👇🏻Copy my VIP Telegram signals for FREE:
🚀🔗 anthonyfx.com/anthonyfx_copy/
📲 Telegram: t.me/anthonys_forex
💬 Discord: discord.com/invite/PcBeCdwVQq
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.